Upgrades, Downgrades and Target Changes - Jan 17 2014

Company	Rating/Target Change
Alamos Gold	CIBC cuts target price to C$15 from C$17
Alamos Gold	TD Securities cuts target price to C$14 from C$18; rating hold
Alamos Gold	BMO cuts target price to C$16 from C$18.25; rating outperform
Alamos Gold	Mackie Research cuts target price to C$12 from C$12.75; rating hold
Axia NetMedia	Cantor Fitzgerald starts with buy rating; target price of C$4.50
Bombardier	Raymond James cuts target to C$4.50 from C$5.50; market perform
Bombardier	Sterne Agee cuts to underperfoprm from neutral
Bombardier	Canaccord Genuity cuts to hold from buy; target to C$4.25 from C$6
Capstone Mining	Scotia capital raises target to $4.20 from $4.3
Dundee REIT	NBF starts with outperform; target C$35.25
Imperial Metals	PI Financial raises target price to C$17.50 from C$14.20
New Gold	NBF cuts target price to C$7.70 from C$8; rating outperform
New Gold	Scotia Capital cuts target to $7.00 from $7.50
Nexj Systems	Canaccord Genuity raises target price to C$3 from C$4; rating hold
Oryx Petroleum Corporation	RBC target price to C$18 from C$17
Open Text	Scotia Capital raises target to US$102 from US$97
Pengrowth Energy	NBF raises target to C$7 from C$6.50; rating sectorperform
Pengrowth Energy	TD Securities raises to buy from hold; target to C$9 from C$7
Pulse Seismic	Paradigm Capital cuts to sell from hold
Saputo Inc	CIBC raises target price to C$53 from C$50; rating sector performer
SNC-Lavalin Group	BMO cuts to market perform from outperform
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